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$ 1,295,000
Est. payment /mo
New
1509 Valle Vista Ave Vallejo, CA 94589
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41092889
HOA Y/N No
Year Built 1968
Lot Size 0.300 Acres
Property Description
Prime Value-Add Multi-Family Opportunity – 1509 Valle Vista Ave, Vallejo Located in a desirable Vallejo neighborhood, 1509 Valle Vista Ave is a well-maintained six-unit multi-family property offering significant upside potential. With current rents approximately 20% below market, this asset presents a compelling value-add opportunity for investors looking to increase cash flow and long-term appreciation. Built in 1968, the property consists of six spacious townhouse-style 2BD/1.5BA units, each 905 SF in size, providing a comfortable and desirable living space for tenants. Situated on a 13,068 SF lot, the property boasts a 1:1 off-street parking ratio and private back patios for each unit. Investment highlights include a 8.00% market cap rate and 8.6 market GRM, along with the benefit of no city rent control, allowing for strategic rent increases over time. Conveniently located near restaurants, shopping, I-80, and Six Flags Discovery Kingdom, this property offers both strong tenant demand and future appreciation potential. Don't miss this exceptional investment opportunity in one of Vallejo's growing rental markets.
Location
State CA
County Solano
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 6
Others
Tax ID 0052282050
Virtual Tour https://bosgroupcre.com/1509-valle-vista-ave/
Listed by Willem Bos • COMPASS